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					<dc:identifier>http://www.legislation.gov.uk/ukpga/1999/16/section/136</dc:identifier><dc:title>Finance Act 1999</dc:title><dc:description>An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.</dc:description><dc:date>1999-08-05</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-04-21</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-03-18</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1999"/><ukm:Number Value="16"/><ukm:EnactmentDate Date="1999-07-27"/><ukm:ISBN Value="0105416991"/><ukm:UnappliedEffects><ukm:UnappliedEffect RequiresApplied="true" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="1999" AffectingNumber="16" Row="243" Modified="2017-07-03T09:29:26Z" URI="http://www.legislation.gov.uk/id/effect/key-58f41b93c4317903a9c4d6d5a7af47af" AffectingYear="1999" AffectingProvisions="s. 123(3) s. 123(4) 139 Sch. 20 Pt. 5(6) Note" AffectedNumber="16" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1999/16" AffectingURI="http://www.legislation.gov.uk/id/ukpga/1999/16" EffectId="key-78535083ef75c00b7af954a9c2083a68" AffectedProvisions="Sch. 17 para. 6 - 8 Sch. 19 Pt. 1-III" Type="repealed (prosp.)"><ukm:AffectedTitle>Finance Act 1999</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-17" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/17">Sch. 17 </ukm:Section><ukm:Section Ref="schedule-17-paragraph-6" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/17/paragraph/6">para. 6</ukm:Section> - 8 <ukm:Section Ref="schedule-19-part" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/19/part" FoundRef="schedule-19">Sch. 19 Pt. </ukm:Section>1-III</ukm:AffectedProvisions><ukm:AffectingTitle>Finance Act 1999</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-123-3" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/123/3">s. 123(3)</ukm:Section> <ukm:Section Ref="section-123-4" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/123/4">s. 123(4)</ukm:Section> <ukm:Section Ref="section-139" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/139">139</ukm:Section> <ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/20">Sch. 20 </ukm:Section><ukm:Section Ref="schedule-20-part-V-6" URI="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/20/part/V/6" FoundRef="schedule-20-part-V">Pt. 5(6)</ukm:Section> Note</ukm:AffectingProvisions><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/body" NumberOfProvisions="155" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-03-18"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/part/VIII" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/part/VIII" NumberOfProvisions="11" id="part-VIII" RestrictStartDate="2026-03-18"><Number>Part VIII</Number><Title> Miscellaneous and Supplemental</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/part/VIII/crossheading/government-borrowing-etc" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/part/VIII/crossheading/government-borrowing-etc" NumberOfProvisions="5" id="part-VIII-crossheading-government-borrowing-etc" RestrictStartDate="2005-04-18"><Title> Government borrowing <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation></Title><P1group RestrictStartDate="1999-07-27"><Title> Definition of Government Stock.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136" id="section-136"><Pnumber>136</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136/1" id="section-136-1"><Pnumber>1</Pnumber><P2para><Text>The descriptions of stock and bonds specified in Part I of Schedule 11 to the <CommentaryRef Ref="c1126401"/>Finance Act 1942 (description of Government stock and bonds to which the provisions of that Act regarding transfer and registration apply, and which by virtue of section 16(3) of the <CommentaryRef Ref="c1126402"/>National Loans Act 1968 include descriptions of certain securities issued under that Act) do not include—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136/1/a" id="section-136-1-a"><Pnumber>a</Pnumber><P3para><Text>any securities (of whatever series) of any of the descriptions specified in subsection (2) below issued before 20th July 1998, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136/1/b" id="section-136-1-b"><Pnumber>b</Pnumber><P3para><Text>any securities issued on or after 20th July 1998 under the auspices of the Director of Savings.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136/2" id="section-136-2"><Pnumber>2</Pnumber><P2para><Text>The descriptions referred to in subsection (1) are—</Text><UnorderedList Decoration="none"><ListItem><Para><Text>Defence Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Development Bonds;</Text></Para></ListItem><ListItem><Para><Text>British Savings Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings Indexed Income Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings Income Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings Deposit Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings Capital Bonds;</Text></Para></ListItem><ListItem><Para><Text>Children’s Bonus Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings FIRST Option Bonds;</Text></Para></ListItem><ListItem><Para><Text>National Savings Pensioners Guaranteed Income Bonds.</Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1999/16/section/136/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1999/16/section/136/3" id="section-136-3"><Pnumber>3</Pnumber><P2para><Text>The modifications made by this section shall be deemed always to have had effect.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="c1126401" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1942/21" id="c00317" Year="1942" Class="UnitedKingdomPublicGeneralAct" Number="21">1942 c.21</Citation>. </Text></Para></Commentary><Commentary id="c1126402" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/1968/13" id="c00318" Year="1968" Class="UnitedKingdomPublicGeneralAct" Number="13">1968 c.13</Citation>. </Text></Para></Commentary></Commentaries></Legislation>